The Zhitong Finance App learned that Jefferies released a research report stating that it maintains the Alibaba-SW (09988) “buy” rating, with a target price of HK$112. The Shanghai Stock Exchange and Shenzhen Stock Exchange announced the adjustment of the Shanghai, Shenzhen, and Hong Kong Stock Connect share lists. Alibaba was officially included in the Hong Kong Stock Connect, effective today (10th). It is believed that it will have a positive impact. It is pointed out that after Ali completed the dual major listing conversion in Hong Kong and New York last month, investors have been expecting Ali to be included in the Hong Kong Stock Connect. At the same time, the Group has recently made a series of developments, including completing a three-year rectification period and the access of Taotian to WeChat Pay.